Fidelity MSCI Information Technology Index ETF $FTEC Holdings Lowered by Morningstar Investment Management LLC

Morningstar Investment Management LLC trimmed its stake in shares of Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,145 shares of the company’s stock after selling 15,212 shares during the period. Fidelity MSCI Information Technology Index ETF comprises about 1.3% of Morningstar Investment Management LLC’s holdings, making the stock its 13th biggest holding. Morningstar Investment Management LLC owned 0.13% of Fidelity MSCI Information Technology Index ETF worth $21,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of FTEC. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 6,087.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 479,401 shares of the company’s stock valued at $106,504,000 after purchasing an additional 471,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 129.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 700,423 shares of the company’s stock valued at $157,364,000 after purchasing an additional 394,739 shares during the last quarter. Vicus Capital lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 2,666.4% during the fourth quarter. Vicus Capital now owns 112,649 shares of the company’s stock valued at $25,309,000 after purchasing an additional 108,577 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Fidelity MSCI Information Technology Index ETF by 3,622.3% during the fourth quarter. SteelPeak Wealth LLC now owns 107,724 shares of the company’s stock valued at $24,202,000 after purchasing an additional 104,830 shares during the last quarter. Finally, PFG Advisors purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at $22,364,000.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC opened at $276.35 on Monday. Fidelity MSCI Information Technology Index ETF has a 12 month low of $175.39 and a 12 month high of $278.03. The company has a market cap of $20.09 billion, a price-to-earnings ratio of 35.45 and a beta of 1.31. The business has a fifty day simple moving average of $236.27 and a 200-day simple moving average of $228.15.

About Fidelity MSCI Information Technology Index ETF

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.